Is Peru set for a Populist leader?

It seems almost certain that the upcoming Peruvian presidential elections will see another left-wing, populist leader take power in Latin America. But what does this mean for foreign investors?

It seems almost certain that the upcoming Peruvian presidential elections will see another left-wing, populist leader take power in Latin America. Former army officer Ollanta Humala has surged from fringe-candidate status a few months ago to becoming the clear front-runner ahead of the first round of voting on Sunday.

Humala's "march towards power seems all but unstoppable", says the FT. "He may not win the more than 50% necessary to claim victory in the first round but the smart money is on his triumphing in the second round run-off."

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